Tenstorrent

Application Specific Semiconductors · Santa Clara, CA · Founded 2016 · Privately Held (backing)

Developer of application-specific integrated circuit processors designed to provide training and adaptability to algorithms. Tenstorrent is based in Santa Clara, CA and was founded in 2016. It was valued at $3.2 billion at its later-stage round in Mar 2026, the last priced event on record. It has raised $1 billion across 9 recorded rounds; the latest was an $800 million later-stage round in Mar 2026.

PMV mark · valuation
$3.2B
Oct 2026
Priced at
its later-stage round
Mar 2026
Total raised
$1.0B
Last round
Later Stage VC
Mar 2026
What is Tenstorrent worth?
$3.2BPrivateMarketView mark · Oct 2026

Valued at $3.2B at its later-stage round, Mar 2026. Nothing has traded since.

Pro
The prices on Tenstorrent
  • ·180 fund marks: filer, period, implied $/share
  • ·2 investment vehicles formed around Tenstorrent: sponsors, sizes, dates
  • ·Direct lines for 11 people on the team
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List $299 · founding price, locked for as long as you stay

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Valuation timeline

3 priced rounds · 32 daily marks since · May 2021 – Oct 2026
▮▮
Series Crounds hold their value until the next priced eventMark, today
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Tenstorrent funding history

9 rounds
DateRoundRaisedPost-money
Mar 2026Later Stage VC$800.0M▮
Dec 2024Series D1$700.0M▮
Aug 2023Later Stage VC$100.0M▮
May 2021Series C$200.0M▮
Feb 2019Series B$20.7M▮
Feb 2018Early Stage VC$500K▮
+ 3 earlier rounds · a free account shows the full history
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Tenstorrent valuation

Tenstorrent was valued at $3.2 billion at its later-stage round in Mar 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Tenstorrent's record added 20 institutional fund marks (latest period Jul 2026).

How much has Tenstorrent raised?

Tenstorrent has raised $1 billion across 9 recorded rounds since 2016. The largest was an $800 million later-stage round; the most recent was an $800 million later-stage round in Mar 2026. 4 of the rounds disclosed a post-money valuation.

Tenstorrent has filed 3 Form Ds with the SEC since 2017, most recently in Feb 2019 ($20.5 million sold to 6 investors).

Institutional holders and vehicles

6 SEC-registered funds reported 180 fair-value marks on Tenstorrent between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

In the last 12 months, 2 investment vehicles were formed to buy Tenstorrent shares, reporting $31 million sold to 342 investors across 2 sponsors, per SEC Form D filings (most recent Jun 2026).

Comparable companies

Comparable application specific semiconductors names by valuation on PrivateMarketView: Positron ($5 billion), Lightmatter ($4.6 billion) and SiFive ($3.6 billion).

How Tenstorrent's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Tenstorrent, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Tenstorrent

What is Tenstorrent worth?
Tenstorrent is valued at $3.2B as of Oct 2026. Valued at $3.2B at its later-stage round, Mar 2026. Nothing has traded since.
How much has Tenstorrent raised?
Tenstorrent has raised $1.0B in total funding across 9 recorded rounds.
When did Tenstorrent last raise?
Tenstorrent last raised in Mar 2026 (Later Stage VC), raising $800.0M.